Will the betting shops close permanently after this?

The Tetrarch

The Tetrarch wrote: »

First of all the "you must just have looked that up" about the over-round of 17% to 34%.

I posted on 15th March 2020 on the horse racing forum
"It shows it at the end of the race reports on the Racing Post website:
Cheltenham Gold Cup 1990: Total SP: 113%
Cheltenham Gold Cup 2019: Total SP: 117%" <

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........................................................................................

I think you will find that 2014 thread was Euro 4 bets on every Group race on the flat in England, a tiny amount.
It was an experiment, not serious betting. 146 losers, 46 winners, Loss for year was €112.21 (19.8%). That was not my only betting.

........................................................................................

Here are a few winning bets which I think show my usual bet is not Euro 4

2012 Betfair forum
https://community.betfair.com/horse_antepost/go/thread/view/94098/29061313/larc-de-triomphe-2012?pg=27

07 Oct 12 02:18

Solemia

Draw: good
Stamina: good
Form: bad
Ground: suits
Stamina: good
Jockey: good
Odds: 75

07 Oct 12 15:17
FRA / Long (FRA) 7th Oct / 15:25
2400m Grp1 Solemia Back 22599765694 07-Oct-12 01:54 C 75 112.68 75 8,338.32
2400m Grp1 Solemia Back 22598756804 07-Oct-12 00:32 C 75 70.00 75 5,180.00

I woke at 16:05 and missed the race.

Profit Euro 12,842.59 (5% commission)
.........................................................................................
2000 Guineas 2016 -30th April 2016

https://www.boards.ie/vbulletin/newreply.php?do=newreply&noquote=1&p=113531248

I am backing Galileo Gold €100 at 12/1.
Never be afraid of one horse and all that.

I backed Galileo Gold at 12/1. Euro 100 bet
His price went out massively. I backed him again at 16.5/1. Euro 100 bet
That might be the road to the poorhouse.

Profit Euro 2,707.50
.........................................................................................
Royal Ascot - Queen's Vase
17th June 2016 17:35

https://www.boards.ie/vbulletin/showthread.php?t=2057608074&page=21

17th June 2016 17:35
Weld's horse Ebediyin looks a good thing but I like nice odds.
€20 at 70s Sword Fighter, hammered by Ebediyin last time out when apprentice ridden.

post#304
Thanks. Even a blind squirrel can find an acorn.
Sword Fighter 67.11 €50.00 €3,305.25

Profit Euro 3,139.99
.........................................................................................
25/05/2019
Irish 2000 Guineas, The Curragh 15:35
https://www.boards.ie/vbulletin/showthread.php?p=110270765

Phoenix Of Spain.... 22.00
First run this year. Consistent last year.
Beaten a head by Magna Grecia over 8f in the Group 1 "Racing Post" Trophy at Doncaster "bumped inside final 50yds".
Previous race 2nd by 1 3/4l to Too Darn Hot over 7f.

Emaraaty Ana ... 180.03
18th of 19 in the English Guineas.
Will do better today as there are only 14 runners.
Led for a while by 3 lengths on his own "isolated" in the English 2000 Guineas so has pace.
Ridden by David Egan in the English Guineas, Andrea Artzeni today.
Won a Group 2 last year.

My bet was Euro 50 on Phoenix of Spain at 22s
Profit Euro 1,995.00
.........................................................................................
Royal Ascot 2019
https://www.boards.ie/vbulletin/showthread.php?t=2057990004&page=10

I had one winner and plenty of seconds this week.
Today I am going to watch and enjoy
15:40 Hello Youmzain 10.00
16:20 Watch Me 24.00

If Hello Youmzain wins I might put the lot on Watch Me.

https://www.boards.ie/vbulletin/showthread.php?t=2057990233&page=6

I posted that on the end of the day 3 thread

Watch Me 50.00 36 1,750.00
Watch Me 50.00 36 1,750.00
Hello Youmzain 10 20.00
Watch Me 20.00 24 460.00

What also helps is Watch Me is by Olympic Glory, the sire of my yearling filly, and that is his first Group 1 winner.

Profit Euro 3,762.00
.........................................................................................

What about losers?
Stereotypical punter... You can only tell about your winners.
Your betting log shows losers and a 20% loss at prices you describe as break even over nearly 190 bets :pac:

You likely had hundreds on all the yokes in your log too but you won't be telling us that.

Like you didn't detail stakes until after the races. Pre race it was watch & enjoy.... Keep going

https://www.boards.ie/vbulletin/showpost.php?p=110493932&postcount=78

Muahahaha

Hulk Hands wrote: »

You don't understand the tax situation too well if you're comparing it to Alcohol or cigarettes. The vast majority of countries tax on revenue. The Irish, probably because they don't understand it, tax turnover. A bookie operates on circa 5% margin. You apply a 5% tax to that then it can't possibly make money. How would it apply a 60% tax like alcohol?

The 10% tax back in the day is different as that was passed onto the customer. From what I've read, it would be against EU law to apply that these days. In any case, it resulted in customers being charged completely unfairly, with margins over 15% against them. This meant only degenerate gamblers bet. If applied now it would worsen the problem gambling situation, as problem gamblers would lose more, quicker. Recreational gamblers who bet safely would stop betting, stopping that tax intake.

Secondly, gamblers would simply go online and bet tax free there. We're good enough at the moment to have a few companies paying for licenses, paying tax and giving punters a degree of protection. All that disappears with a punters and it's impossible to police.

I don't think any major bookmaker operators outta the Isle of man anymore. PP info is a bit off also. The biggest brand there has long been Aus Sportsbet and they've recently merged with Pokerstars and Skybet. PP is a tiny part of that company

Im not suggesting that the tax on it should be like alcohol and cigarettes, just pointing out that the bookies are getting a free ride paying 2% tax when they used to be paying 10% before Champagne Charlie McCreevy came in and gave them a golden ticket. And on that they werent put out of business when it was 10% and managed perfectly fine so I dont see why it would be any different now, they would just adjust their odds to reflect what is a fair tax. The costs of problem gambling are mainly borne by society so we should at least be making sure they wash their face in this regard, the lip service to 'Gamble Responsibly' isnt enough. That postman cost An Post 10 million quid in stolen money, ultimately its the taxpayer on the hook for that as An Post are a semi state company.

Paddy Power were at least based on the Isle of Man and paying next to nothing in corporation tax three years ago- Phoenix did a big write up about it at the time. Not sure what their status is now, they might be moved to Gibraltar. Whereever they are they are paying feck all in tax. Its a Europe wide problem with bookies that eventually the EU will catch up with.

The Tetrarch

Augeo wrote: »

What about losers?
Stereotypical punter... You cab only tell about your winners.
Your betting log shows losers and a 20% loss at prices you describe as break even over nearly 190 bets :pac:

You likely had hundreds on all the yokes in your log too but you won't be telling us that.

I know it must be severely disppointing to the troll that I listed winning bets advised to this form and the Betfair forum that returned a profit of Euro 24,407.08.
Your point that I lost Euro 112.21 in an experiment betting Euro 4 on all the Group races in England is interesting to you (1/217th of those winnings).

I think the people on the forum that followed my advice and backed winners at 70/1, 14/1; 66/1; 21/1; 33/1 would not be too bothered with your flaming.

I called you out on your statement in post #188 that "you are well out there" on over-rounds. I was 100% accurate.
You have not apologised for your false comment.

"You likely had hundreds on all the yokes in your log too but you won't be telling us that"
Again, you are flaming. But, hey, that is a life you have chosen.

The Tetrarch

The Tetrarch wrote: »

I know it must be severely disppointing to the troll that I listed winning bets advised to this form and the Betfair forum that returned a profit of Euro 24,407.08.
Your point that I lost Euro 112.21 in an experiment betting Euro 4 on all the Group races in England is interesting to you (1/217th of those winnings).

I think the people on the forum that followed my advice and backed winners at 70/1, 14/1; 66/1; 21/1; 33/1 would not be too bothered with your flaming.

I called you out on your statement in post #188 that "you are well out there" on over-rounds. I was 100% accurate.
You have not apologised for your false comment.

"You likely had hundreds on all the yokes in your log too but you won't be telling us that"
Again, you are flaming. But, hey, that is a life you have chosen.

Watch & enjoy and aftertime the following.

.....
I posted that on the end of the day 3 thread

Watch Me 50.00 36 1,750.00
Watch Me 50.00 36 1,750.00
Hello Youmzain 10 20.00
Watch Me 20.00 24 460.00

What also helps is Watch Me is by Olympic Glory, the sire of my yearling filly, and that is his first Group 1 winner.

Profit Euro 3,762.00

A docketflasher ..... Nothing more. There's a few in every betting shop

I hope no one followed your betting log.

The Tetrarch

Augeo wrote: »

I hope no one followed your betting log.

What is worrying is my username was diomed when I kept the thread on the Euro 4 bets on the 2015 English Group races.
My username now is The Tetrarch, but Augeo must have followed me around just to troll me.
How did you know I was diomed, and now I am The Tetrarch? Do you work for boards.ie?

All the winning bets I posted were advised on this forum and the Betfair forum before the race, with the amounts I had bet at the time of the original post.
In the case of Galileo Gold in the English 2000 Guineas I bet 100, and later bet another 100 before the off when the price increased from 12s to 18.5.
In the case of Watch Me, I advised a 20 bet at 24s. The price increased to 36s just before the off, and I bet 100 at 36s.

Augeo has obviously followed all the links I posted to check the times of the posts.
I decided to bet 100 at 36s on Watch Me just before the off, and mentioned it after the race.
Should I have logged onto the boards.ie thread, reported the 100 bet, then found the race was running, and missed the bet?

Augeo is a stalker, a troll, and a flamer. A very sad person.

The Tetrarch

The Tetrarch wrote: »

What is worrying is my username was diomed when I kept the thread on the Euro 4 bets on the 2015 English Group races.
My username now is The Tetrarch, but Augeo must have followed me around just to troll me.
How did you know I was diomed, and now I am The Tetrarch? Do you work for boards.ie?

.......

Augeo is a stalker, a troll, and a flamer. A very sad person.

Mmmmm .... The below post should explain it..... One doesn't need to work for boards.ie

https://www.boards.ie/vbulletin/showthread.php?p=109759587

You're an aftertiming docket flasher.

Watch & enjoy.... No stakes mentioned.

No need to get abusive old boy...... Chill....

ArmaniJeanss

Muahahaha wrote: »

Im not suggesting that the tax on it should be like alcohol and cigarettes, just pointing out that the bookies are getting a free ride paying 2% tax when they used to be paying 10% before Champagne Charlie McCreevy came in and gave them a golden ticket. And on that they werent put out of business when it was 10% and managed perfectly fine so I dont see why it would be any different now, they would just adjust their odds to reflect what is a fair tax.

The maths of betting continues to evade you and most non-punters.

If I go into the pub on a Saturday morning with €100 and drink all day, then the most I'll spend is €100.
If I go into Arnotts on a Saturday morning with €100 and buy clothes all day, then the most I'll spend is €100.

However, if I go into the bookies on a Saturday morning with €100 and bet all day, then it would be perfectly normal for my total bets to be over €1K. I may never have been up or down much more than a few percent of my initial €100 but I can turnover a multiple of it and stand still.

A 10% tax on my €1K of betting would be €100. But hey, I only started with €100 anyway, so the government would get everything and the bookie get nothing. That doesn't make any sense (why should the bookie even stay in business on those terms). Hence the compromise of a turnover tax at what seems a low rate of 2%.
But ultimately it means the government gets around €20 of initial €100 if I turnover €1K of bets. 20% is pretty much in line with what the government would get if I spent it on alcohol or clothes instead.

The Tetrarch

Augeo wrote: »

Mmmmm .... The below post should explain it..... One doesn't need to work for boards.ie

https://www.boards.ie/vbulletin/showthread.php?p=109759587

You're an aftertiming docket flasher.
Watch & enjoy.... No stakes mentioned.
No need to get abusive old boy...... Chill....

Yes, I am an old person. I am 69 years old.
I started that thread in 2019, but did not continue it.
I had four bets on that thread, and did mention the stake each time.
It was Euro 10, and I lost four bets.

peddlelies

Play poker and compete against other players, it's easily as strategic as chess with some short term luck ( i.e. variance in a single hand ) but none long term. Most other forms of gambling imo are a fools game

raheny red

Dr. Bre wrote: »

So when are they expected to reopen ? Same time as pubs?

June 29th. PP bringing staff back on the 22nd for training on social distancing etc.

Tokyo

Mod: @Augeo , @The Tetrarch - quit it with the jibes toward each other. Put each other on ignore if you can't get along.

Lollipops23

Back in 2010 I took a job in a bookies out of desperation. It was probably the most depressing 9 months of my life.

The absolute dregs of society; in one case a regular called in on his way home from the hospital with his preemie baby and exhausted wife outside in the car. He was that desperate for a flutter.

It just attracts the worst of people; another guy went outside and kicked a dog after he lost €2 on the dogs.